What is a registered client associate job?
A registered client associate job is a position in the financial service industry that involves providing support to financial advisors and clients. These associates work to ensure that clients receive excellent service and that financial advisors have the support they need to provide the best possible advice. Registered client associates must be registered with the Financial Industry Regulatory Authority (FINRA) and have passed the required exams.
What do registered client associates usually do in this position?
Registered client associates have a wide range of responsibilities, including opening new accounts, processing client requests for money transfers, and managing documentation. They also provide support to financial advisors in a variety of ways, such as researching investment opportunities, preparing proposals, and scheduling appointments. In addition, registered client associates must maintain accurate records and stay up-to-date on industry regulations.
Top 5 skills for this position
- Strong communication skills
- Excellent organizational skills
- Attention to detail
- Ability to work well under pressure
- Proficiency with financial software and tools
How to become this type of specialist
To become a registered client associate, you need to have a bachelor's degree in finance, business, or a related field. In addition, you must pass the required FINRA exams and meet the registration requirements for your state. Many registered client associates start out as interns or in entry-level positions and work their way up through the industry.
Average salary
The average salary for a registered client associate in the United States is around $45,000 per year. However, salaries can vary widely depending on experience, location, and the specific company you work for.
Roles and types
Registered client associates can work in a variety of roles, including support for individual financial advisors, teams, or large financial institutions. They can also specialize in specific areas such as retirement planning, estate planning, or investment management. Some registered client associates also go on to become financial advisors or other positions in the financial service industry.
Locations with the most popular jobs in the USA
The most popular locations for registered client associate jobs in the USA are typically in financial centers such as New York City, Chicago, and San Francisco. However, these positions can be found in many other cities and regions as well.
What are the typical tools
Registered client associates use a variety of tools in their work, including financial software such as Bloomberg or Morningstar, as well as customer relationship management (CRM) software. They may also use tools such as spreadsheets, databases, and project management software to manage their work and stay organized.
In conclusion
A registered client associate job is an excellent opportunity for individuals who are interested in the financial service industry and enjoy providing support to clients and financial advisors. With the right education, skills, and experience, registered client associates can build rewarding and successful careers in this field.